The
Financial module is the backbone
of momentohs® where financial data
from related modules are transmitted
seamlessly and automatically into
the respective accounts of the General
Ledger. It generates multiple user
defined reports other then the standard
profit & loss, balance sheet and
budgets.
The Financial module automates internal
accounting process and serves as
an auditing tool with storing of
data from the Front Office and Food
& Beverage modules. The Financial
module computes transaction data
and prepares reports and journals,
providing the finance department
with an efficient tool to manage
profit & loss, balance sheet and
budgets.
User defined hierarchy of on-line
approvals based on value or organizational
tree is built-in to simplify the
approval process, and minimise the
circulation of forms or documents
throughout the business process.
momentohs® Financial comprise of
the following modular modules.
- General Ledger
- Accounts Receivable/City
Ledger
- Accounts Payable
- Cash Book
- Inventory Control
- Purchase Management
- Fixed Assets
momentohs® Financial also functions
independently and can be interfaced
with third party Front Office systems
and import daily revenues that can
be audited and posted in batch to
the general ledger and account receivable.
A powerful Financials Report Writer
is integrated, which allows the
user to define multiple management
and financial reports or analysis.
The following main functions are
provided by the Financial Module:
- Construction of Chart of Accounts
based on a hierarchical concept
- Creation of Recurring Journal
Vouchers
- Posting to closed periods and
future periods
- Importing Front Office module
transactions for specific dates
to update the General Ledger
- Maintaining Trial Balance, Profit
and Loss, and Balance Sheets
- Coordination between the Front
Office and Food & Beverage modules
- Assignment of guest credit limits
according to guest credit availability
- Maintenance
of guest / supplier profiles by
guest / Supplier Groups
- Completion of guest settlements
by invoice co-relation
- Completion of part payments
against outstanding invoices from
suppliers
- Advance Payments against suppliers
- Generation of Debit and Credit
Notes for both guests and suppliers
- Automatic documentation of the
numbering of transactions
- Creation of Outstanding Balance
Reports for Receivable and Payable
- Creation of Ageing Analyses
for Receivable and Payable
- Bank Reconciliation Receivable
- Bank Reconciliation Payable
- Bank Reconciliation Report
- Post dated Cheque Report
Pre-defined
reports can be customised with Crystal
Writer for quick management reporting,
operational handling, and decision-making.
- Chart
of Accounts List
- Daily
Transactions
- General
Ledger Transactions
- Account
Opening Balances
- Debtors
/ Creditors Opening Balances
- Customer
/ Supplier Ledgers
General Ledger,
Accounts Payable, Account Receivable,
JV Templates, Distribution Account
Template, Transfer of Payments/Receipts/Invoice
of Vendors, Cashbook, Bankbook,
Bank Reconciliation, Multi-Currency,
Back Office Invoicing, Accounting
Periods, Audit Trail, Year-end Processing,
Reports, Admin Tools and Security
and Interface to PMS.
